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president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal policy that wouldake both casey stieel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a mment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speake
president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal...
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tax cuts for the rich they will own. somebody needs to explain to me what is the benefit to obama in letting the republicans out of the trap of going over the cliff? i think going over the cliff is the most attractive option obama has. >> crystal, you can learn it from rush limbaugh on 12-12-12 or you could have learned it from me this summer. >> i learned it from you this summer. >> there you go. he is finally catching on. he finally gets it. >> it pains me a little bit to say this but rush is right. if republicans were smart. >> this is the rush is right night. >> that's the theme of the night. >> i'm not going to show any more rush. he has three hours of radio today. that thing that we just showed is the rush is right moment. >> if they were smart, they would go ahead and do that. take it off the table and live to fight another day. i do think they are a little bit delusional about the am of leverage that they will have around the debt ceiling as well. holding the debt ceiling hostage is extremely unpopular, as is tak
tax cuts for the rich they will own. somebody needs to explain to me what is the benefit to obama in letting the republicans out of the trap of going over the cliff? i think going over the cliff is the most attractive option obama has. >> crystal, you can learn it from rush limbaugh on 12-12-12 or you could have learned it from me this summer. >> i learned it from you this summer. >> there you go. he is finally catching on. he finally gets it. >> it pains me a little bit...
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Dec 9, 2012
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my view and senator corker's views are different but we will have to find spending cuts. >> heather: brad blakeman is assistant to george w. bush and joe seos peculiar is a former congressman. i want to go to the meeting between obama and boehner, what do you think the significance is and what do you think happened. congressman secretary peculiar i will begin with you? >> i believe -- congressman sespek we'll begin with. >> you we know we need $3 trillion in addition to the $1 trillion you just listed. we know that we have to have about $1.4 trillion. more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a susta
my view and senator corker's views are different but we will have to find spending cuts. >> heather: brad blakeman is assistant to george w. bush and joe seos peculiar is a former congressman. i want to go to the meeting between obama and boehner, what do you think the significance is and what do you think happened. congressman secretary peculiar i will begin with you? >> i believe -- congressman sespek we'll begin with. >> you we know we need $3 trillion in addition to the $1...
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that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution as opposed to money being taken forcibly. second, what's he asking anyone to sacrifice other
that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that...
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edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new york. ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of congress and tell them don't make a bad deal that cuts our care. neil: if that doesn't tell you real cuts are not coming, neighbor 101 democratic congressman want not to cut social security could drop a hint coming days after the national black cause cues coming further urging all entitlements, not just social security, be left off the cliff talks. you wonder why i fear we had headed for the cliff fast. welcome, everybody, i'm neil cavuto. that's really the deal this week. no deal this week. hence, that if one of the seriously coming behind c
edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new york. ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you...
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edward tweeted us to say for s years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new he said the. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream dream again. >> the federal government will conduct a national test of the emergen alert system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap. do we need government to protect workers? >> absolutely. next? -- question. [laughter] >> good intentions and gone wrong. that is e show. tonight. john: politians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has tprotect them. almost everybody agrees. >> they should be protected. defitely. so ma
edward tweeted us to say for s years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new he said the. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream dream again. >> the federal government will conduct a national test of the emergen alert system. >> you cannot avoid it. it is...
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let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters didhe math metics and fnd it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and greed. we are seeing that blo back. >> but the president said it was not going to cost a dime but aparently i is. >> hold on, rick. >> guys, with all due resct everyone of you missing the point. people are n angry about what they are saying, they are angry aut what the ceo's are doing. was not saying we lost money because we said the wrong their customers got upset they were trying to take out their corporate responsibility by hurting the workers. customers are worki people in this country. we'll not let them get away with it. >> working people working for the companies that are worried aboutheir jobs because of the tax implications of obama care. >> rick, if they had done it elegantly and say we'll have to do surcharge
let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters didhe math metics and fnd it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and greed. we are seeing that blo back. >> but the president said it was not going to cost a dime but aparently i...
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by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it because even slowing growth in a program is opposed by unions, the congressional black caucus, 101 democratic congressmen, when it comes to social security, whether that should or shouldn't be part of the discussion is going to remain as a zeal to raise taxes over cutting spending. that's what worries me. >> well, you know, neil, i sit here in the financial markets, and so my concern all the time is protecting and preserving individuals and corporations' wealth. i look at this, how does it affect the market, and to your point about if this is a bad deal, wher there's, you know, no spending cuts, in
by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it...
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i think president obama is less frigened of going over the cliff tha the republicans are, that is why the republicans are making all concessioos. i tell you, if we go over the cliff, here is what he wouldo, sa okay, now, everyone's tax have been raised, it happened because the republicans wanted stand by their fat cat friends, while i tell you, what their taxes will stay where they are increased and i have a tax cut f 98% of aricans that will send up to the hill a seen as congress gets back here, we restore the bush tax cuts for middle class and workin work cst the rich are paying their fair share, and i think that country will applaud. neil: you think he comes out a hero, that is why republicans fear if that scenario they lose. >> they are i a lose-se situatio onl thing obama has to fear is, if he plays it hardball, and takes us over tha@ cliff,n play the savior beyond the cliff. its possible that we could have a real downturn, a real recessn. and a real problem in the economy,nhich case, barac obama will not escape the historic reputation of the democrats' herbert hoover. neil no pr
i think president obama is less frigened of going over the cliff tha the republicans are, that is why the republicans are making all concessioos. i tell you, if we go over the cliff, here is what he wouldo, sa okay, now, everyone's tax have been raised, it happened because the republicans wanted stand by their fat cat friends, while i tell you, what their taxes will stay where they are increased and i have a tax cut f 98% of aricans that will send up to the hill a seen as congress gets back...
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they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the u.s.. president obama get his way or boehner or either? who knows. the results of a new report next. tracy: the future of our country hinging on our grdlocked congress. does that make you feel better? so far the fiscal plans put forth by the president and speaboehner simply wonnt cut it. a new report out find neither proposal reduces our debt enough to solve our economic crisis putting the country at, well, further risk for another downgrade. anybody want to talk abou august last summer in what will it take to get the house in
they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the...
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what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all inne place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors now get 200 free trades when you open an account. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with priloseotc and don'tet heartburn in the firsplace! [ male annncer ] e pill eachmorning. 4 hours. zero heartbur neil: as if i am n busy enough but this super heroes day is never done after talking to astronauts now trying to get washington to do
what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do...
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they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the u.s.. president obama get his way or boehner or either? who knows. the results of a new report next. copd makes it hard to breathe, but with advair, m breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than
they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the...
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have their work cut out for them, is it time to get counselling, here is what some are tweeting the show jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have beenheir parents,. >> dave writes, medicare and social security are retirement programs we've been paying into for 40 years. >> i am 73 years old, and am sick of off
have their work cut out for them, is it time to get counselling, here is what some are tweeting the show jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have beenheir parents,. >> dave writes, medicare and...
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obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national media is not focusing on what the realy is. they're just playing games right in washingn.he folks in office andhis president is guilty of class warfare. fo what? for that? are you kidding me? president obama seems to love the drama. i thought he dn't like drama. but the reality iss there will e is little impa our fiscal future. and as nation, after all of the drama and whatever the outcome, we remain in geat jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in gypt and claims he's not a dictator. the obama mile ea
obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national...
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. >> steve: it is tax cuts for the middle class if president doesn't do something. peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the president is specific enough about the spending cuts he's willing to pass. >> the president doesn't agree with our approach. he's got an obligation to put forward a plan to pass both chambers of congress. right now the american people have to be scratching their head and wondering when the president is going to get serious. >> officials privately expresss would increased optimism about a deal with one senior audiovisor saying that democrats and republicans moved 75 percent of the way toward a deal and i
. >> steve: it is tax cuts for the middle class if president doesn't do something. peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us...
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the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get enough money there. they are going to hit me and there is going to be a carbon tax. president obama needs to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. tax
the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get...
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>> well, i was encouraged to see the meeting between speaker boehner and president obama. i really feel a deal has to be made. look, by the end of the year, either republicans have to come together with democrats and have a deal, or else the tax cuts expire. who doesn't believe that on january 3rd republicans would not come back and extend the tax increases that would affect 98% of americans in this country. >> so "the wall street journal" has an editorial. i think it's kind of an sprg interesting editorial, and i'll read a chunk of it. "it's a shame that republicans are playing into mr. obama's hands. mr. obama isn't going to blink on the budget if he thinks republicans are going to blink first. so far, the emerging gop position seems to be to surrender on taxes first and hope that mr. obama will have mercy on them later on entitlements. but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago w
>> well, i was encouraged to see the meeting between speaker boehner and president obama. i really feel a deal has to be made. look, by the end of the year, either republicans have to come together with democrats and have a deal, or else the tax cuts expire. who doesn't believe that on january 3rd republicans would not come back and extend the tax increases that would affect 98% of americans in this country. >> so "the wall street journal" has an editorial. i think it's...
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the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol, "it's the spending, stupid." >> the truth is that tax receipts have risen, revenue for federal government has risen by 26%. 210, 2010, and 2011, there is room to perhaps give there. but, i have to ask you, am saying now. i was going to say, i think we're being gamed in a different way. i am now in school that believes this president doesn't to go over the cliff, also, i believe that republicans are now incentivized to go over the cliff, because they get two-for-one spending cuts and i believe that president is maintaining am bi ambiguity so s don't reaction. >> i believe there is a substantial truth,
the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol,...
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. >> eric: president obama offered zero credible spending cuts. zero. he said, we'll defer spending cuts ten, 20 years down the road if we get the tax increases in the meantime. i think it's time -- brit hume had an idea that it may look like the republicans are going to be the problem if we go off the fiscal cliff. i'm going to tend to disagree with what he's going to say. take a listen. >> the american people say it's the gop's fault when the president obviously isn't giving anything at all up. >> well, bill, you know that and i know that in part because we watch fox news and fox news reports it that way, which is the straightforward way to report it. you can find that out from reading other media, but you have to read it carefully because it's not apparent. all the conversation, all the discussion, all the news that's made in this whole discussion since the end of the election has been about what? it's been about tax rates on the rich. >> right. >> that has been the whole story. >> steve: it should be about spending. there are polls that show 60% of
. >> eric: president obama offered zero credible spending cuts. zero. he said, we'll defer spending cuts ten, 20 years down the road if we get the tax increases in the meantime. i think it's time -- brit hume had an idea that it may look like the republicans are going to be the problem if we go off the fiscal cliff. i'm going to tend to disagree with what he's going to say. take a listen. >> the american people say it's the gop's fault when the president obviously isn't giving...
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thought previsly, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here, what are your thoughts? >> i came on this show two weeks ago, i told you then that president wanted to go cliff diving, that is what he wants to do. he is not serious about getting a deal, if he was so serious, he would not have met with john boehner sunday morning then go out 24 hours later on a campaign stop to michigan railing about some middle class tax hike jarg onljargon he is using. he wants to go off the cliff,. lou: looking at that number. newest fox poll released a couple hours ago, that polls poe 5-- say 57% say that best way to deal with budget is with dedictions, and then, what we're se
thought previsly, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here,...
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gerri: and 8,000 jobs with defense cuts. cost eight -- 100 million? you have had a surplus will this put you into the red? >> it could. we still look at the federal obama's health care plan with the budget will cost money then look of the mandates tied with the federal money. i asked the president, is you have these federal funds coming down to the states and the strings are still attached it does not give us leeway for our different circumstance -- circumstances other states different constitutions, laws, differe nt styles of living and different needs for the budget. give us some flexibility. gerri: i hope you were more upbeat with the fiscal cliff that use sound like many people big concerns the people can get together and find common ground. it is meaningful to est. like yours. we appreciate your time. gerri: it is not just politicians and ceos. even baseball players take note to. there all top 2% and major league baseball stars just signed a five-year contract with the atlanta braves worth more than $75 million. the $3 billion signing bonus somet
gerri: and 8,000 jobs with defense cuts. cost eight -- 100 million? you have had a surplus will this put you into the red? >> it could. we still look at the federal obama's health care plan with the budget will cost money then look of the mandates tied with the federal money. i asked the president, is you have these federal funds coming down to the states and the strings are still attached it does not give us leeway for our different circumstance -- circumstances other states different...
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edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. toght no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a wayhrough this regardless of congress and the president. small-business owners in this country are preparing to hire. jo me now, chief u.s. economist for i may just pull one side. heart of america group founder, and meer of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us
edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the...
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liz: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for taxes. offering $800 billion in tax revenue, coming from only closing loopholes and seductions, no to a tax rate increase for the president says it is making $250,000 or more, tax rates are going up. >> we will not raise them just out of spite, but rather because the need to raise a certain amount of revenue. >> the president doesn't agree with our proposal and our outline, think he has an obligation to send one to the congress. and a plan that could pass both chambers of commerce. if you look at the plans the white house has talked about thus far, they couldn't pass either house of the c
liz: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for...
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Dec 11, 2012
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president obama and house speaker john boehner met privately sunday in a surprise meeting, but they're not commenting much in public on whether there's been much progress. joining me now is political science professor and political chief correspondent for politics 365, jason johnson, and republican strategist, ron bon john. some say the fact that we're not hearing much of washington is a good sign, and in this case, silence is golden. you guys agree? >> yeah, i definitely do. look, one of the things that we've got to realize here is that the more that this fight takes place in public, the less is being done behind closed doors, because everyone feels that they have to justify the public rhetoric. so i think that we have two silences going on. there's barack obama and john boehner working things out and the republicans realizing that they've got to find a way to negotiate. so silence is golden for christmas season. >> do you agree, ron bonjean? >> yes, i completely agree. i think that silence is best. and right now while they're figuring out how to put a deal together, i think the presi
president obama and house speaker john boehner met privately sunday in a surprise meeting, but they're not commenting much in public on whether there's been much progress. joining me now is political science professor and political chief correspondent for politics 365, jason johnson, and republican strategist, ron bon john. some say the fact that we're not hearing much of washington is a good sign, and in this case, silence is golden. you guys agree? >> yeah, i definitely do. look, one of...
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we cut the number of people on welfare down from about five million to three million. then obama comes in and, so he reinstates it and takes the work requirements out and now people are outraged because we have these people on food stamp. melissa: stop this one next. this one is absolutely insane. thank you so much for coming on tonight. we appreciate your time. >> you bet. melissa: time for today's fuel gauge report. freshwater forecasts expected decline in inventories sent natural gas stocks soaring. a cold front expected to move into the u.s. raising the outlook for natural gas demand. oh, no. >>> freeport-mcmoran is plunging head first into oil. the mining giant is buying plains exploration and mcmoran exploration for a total of $9 billion in cash and stock. freeport will also assume about $11 billion in debt. >>> u.s. oil production reached its highest level in almost 15 years in september. new data from the energy information administration says u.s. crude output averaged 6.5 million barrels a day. that is up 16% year-over-year. thank you shale and fracking. >>>
we cut the number of people on welfare down from about five million to three million. then obama comes in and, so he reinstates it and takes the work requirements out and now people are outraged because we have these people on food stamp. melissa: stop this one next. this one is absolutely insane. thank you so much for coming on tonight. we appreciate your time. >> you bet. melissa: time for today's fuel gauge report. freshwater forecasts expected decline in inventories sent natural gas...
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will have to give more, than entitleme cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression pitical party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator rubio does a great job but we need more out there jan the kuh cuban guy from florida. lou: i tell you, right now, i may be insulting a lot of people, but he is the most ex fisk communicate or -- effective communicate or the replican party has but he is not talking about the fiscal cliff. >> he said we have to did is not create new taxes but new tax payers, not make the richer poer but the poorer richer. lou: that is a great slogan. >> you have to create policy, we're 25 days away from the fiscal cliff. >> to your original question about lack of energy and coi he had on the republican side, -- cohesion
will have to give more, than entitleme cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression pitical party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator...
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return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this is nuts, it is unnecessary, but this is politics, it has nothing to do with policy. lou: and who is the beneficiary of that? >> well, look, president obama ran on this he was elected with a margin that is substantial enough to warrant this public opinion supports him, public opinion supports his position, and public opinion will support obama over the republicans if we go over the cliff, he will go over the cliff rather than take a bad deal. and making sure that tax rates on wealthiest go up is a big part of that deal. >> he ran on half of tax increases proposing, he ran on a planned approach, i'm sorry this
return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this...
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Dec 8, 2012
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today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes in telling me why i'm wrong. and our other guest, david johnston wrote "the fine print." stephen, you are our resident anti-tax crusader. i totally agree every penny counts when it comes to your own money. when you compare the taxes most americans paid in past decades i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthiest among us chipping in a little bit more? i'm emphasizing just a little bit more. >> when you showed that chart of the tax rates that was exactly accurate. we had 70% tax rates in the '70s. that didn't turn out well. then we c
today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes...
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Dec 6, 2012
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this look, obama recommended or proposed cutting the defense department and he was attacked viciously by republics. so, the idea that like he never suggest cuts is kind of absurd. >> bill: do you really think barack obama wants meaningful cuts in government? really? really? >> as much as republicans do. look, he got attacked all through the campaign for cutting medicare, right? so the people who claim that they want all these cuts, what do they do? they attack the president when he proposes cuts and they refuse to put anything specific on their proposal. what they sent back was just a number. >> bill: all right. okay. i got it. i got it. i got it. i'm just tired of this whole business. i think we should cut 10% across the board and then, you know, keep taxes the way they are and try to stimulate the economy by the private sector. plenty more ahead as the factor moves along this evening. >> i will tell diane. >> bill: charlie brown thrown under the bus by a church pastor in arkansas. how could this possibly happen in america? tell you what's going on. also, dennis miller having to deal
this look, obama recommended or proposed cutting the defense department and he was attacked viciously by republics. so, the idea that like he never suggest cuts is kind of absurd. >> bill: do you really think barack obama wants meaningful cuts in government? really? really? >> as much as republicans do. look, he got attacked all through the campaign for cutting medicare, right? so the people who claim that they want all these cuts, what do they do? they attack the president when he...
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president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds from being louder than the tv program they're interrupting. we'll talk about that presidential trip to michigan, and what he'll say about the union showdown there. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited re
president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds...
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president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look, chris. we have to have a $4.4 trillion solution. i know senator schumer, i've talked with him numbers of times. he knows what we need to do and most republicans and democrats do. i think it's time for the president, he knows that there's a growing body of folks willing to look at the rate on the top 2% but that's only -- could be $400 billion, it made be 800 billion-dollar and many of us are beginning to see we could end up with a lesser revenue increase by agreeing to that. the shift in focus and entitlements is where we go. it's a shame we're not sitting down and solving this but r
president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look,...
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today president obama outlined the deficit reduction legislation he would sign into law. >> what you need is a package that keeps taxes where they are for middle class families, we make some stuff spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> krystal, the republicans are on the run here. the new reel that we get to run every night about the latest republicans saying this is absolutely hopeless is absolutely amazing. limbaugh is an amazing spot tonight saying that he doesn't think that there is any republican that can stop this. >> my favorite has been ann coulter. >> how do you win this if all the rates go up? >> i think they are exactly right. i mean, if you're going to have -- if you're going to get what you want if you're republicans, you have to be able to threaten something
today president obama outlined the deficit reduction legislation he would sign into law. >> what you need is a package that keeps taxes where they are for middle class families, we make some stuff spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks...
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. >> president obama wants republicans to agree to the wealthy tax hike before any negotiations about spending cuts begin. >>> just after midnight gay couples living in washington state made history joining in the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> mexican authorities say they have found the wreckage of a small plane believed carrying mexican american singer jenny rivera and six others. the plane had been missing since early this morning. reportedly lost contact with air-traffic controllers after taking off from monterey, mexico. authorities believe no one survived the crash. rivera is the mother of five children. >>> the national menorah in front of the white house was illuminated marking the start of the 5ieight-day jewish holiday hanukkah. ♪ of course, no hanukkah celebration would be complete without a spinning dreidel. this one danced to music performed by the u.s. navy band. >>> all the talk about the fiscal cliff may seem like a far off debate over politics in washington, but the reality is
. >> president obama wants republicans to agree to the wealthy tax hike before any negotiations about spending cuts begin. >>> just after midnight gay couples living in washington state made history joining in the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> mexican authorities say they have found the wreckage of a small plane believed carrying mexican american singer jenny rivera and six...